According to Cointelegraph, ARK Invest CEO and Chief Investment Officer Cathie Wood stated that she will not buy Trump Coin (TRUMP), and said the company will continue to focus on the "big three" cryptocurrencies: Bitcoin, Ethereum, and Solana.
Wood believes in a positive future for decentralized financial services (DeFi) and pointed out that this is mainly based on Ethereum and Solana.
Previous news from blockchain analysis company Chainalysis showed that Trump Coin (TRUMP) and Melania Coin (MELANIA) are controlled by 40 cryptocurrency whales. These whales hold tokens worth $10 million or more, accounting for 94% of the total supply.